Overall gross import of rough diamonds between April to November 2019 has shown a decline of 17.24 per cent to $8.55 billion from $10.34 billion registered during April to November 2018. This is one of sharpest fall in import of diamond in India in last one decade.
E-commerce firms Amazon, Flipkart, and others are expected to witness blockbuster festival season sales of around $9 billion this year, surpassing pre-pandemic sales of $5 billion in 2019. The pandemic has accelerated the shift to e-commerce, with more consumers shopping online at a higher frequency than last year, observed analysts. This year's festival sales (gross merchandise value or GMV) are expected to grow 30 per cent year-on-year (YoY) to $4.8 billion during the first week of the season and potentially clock over $9-billion GMV during the whole festival month, revealed consulting firm RedSeer's e-commerce festival season report.
Sensing a huge opportunity in the healthcare sector during the Covid-19 pandemic and its aftermath, private equity (PE) players are upping their investments in the space. According to data from research platform VCCEdge, the PEs have together invested a staggering $583.82 million in the first five months of 2021 in five deals, which is the highest investment in the sector in the last five calendar years - from 2016 to 2020. The second highest investment in the sector took place in 2017, when PEs invested $503 million in 18 deals, with an average deal size of $29. 9 million.
Check out the Chennai Super Kings squad for the eighth edition of the Indian Premier League.
Tata Sons has started the process of due diligence of state-owned Air India and its subsidiary Air India Express. Sources said the group has appointed Bain and Company and Seabury Group for this purpose. Once complete, a financial bid will be submitted and a deal to take over the airline is likely to fructify by end of this year or even earlier, people involved in the process said. Simultaneously, the group has brought in veterans in the aviation business from Delta and United Airlines to prepare a plan for post-merger integration of Air India with its existing airline ventures. Tata Sons operates Vistara - a 51:49 percent joint venture with Singapore Airlines and Air Asia India, in which Tatas hold 83.67 per cent stakes.
Ambani's holding group launched the Indian Super League, an elite competition of newly created teams, in 2014 with the aim of attracting investment and big global names, much like the Indian Premier League has in cricket. 'It was 100% a wasted opportunity'.
The detection of phosphine molecules, which consist of hydrogen and phosphorus, could point to this extra-terrestrial 'aerial' life, according to the research published in the journal in Nature Astronomy.
The list is based on what the employees of these companies experienced over the past twelve months.
Total exit value breached the $10 billion mark for the first time to touch $10.3 billion this calendar, from $9.4 billion in 2015
Apprehending threat to the life of family members, father of the child rape-victim has moved the Supreme Court on Thursday opposing the bail plea of self-styled godman Asaram Bapu.
As per a white paper, 'Aarogya Bharat 2025', India Healthcare Roadmap for next 10 years launched at NATHEALTH event on Tuesday said the country is healthier now than ever before, but its 'continued economic progress is threatened by the country's under-served and under-consumed healthcare system'.
'There is nothing more this government can do now to break our agitation.' 'It has used all the tactics and has failed'
The central government has agreed in-principle to Air India employees' main demands. It fears an industrial dissension now could impede the process of privatisation. It has agreed to bear the cost of liquidation loss on account of transfer to the Employees' Provident Fund Organisation (EPFO) from company-owned trusts, inclusion of employees in the central government health scheme (CGHS), and encashment of leaves. The template of the Air India process will be followed for other public sector undertakings up for privatisation at a later date.
Canada's new Prime Minister Justin Trudeau has named a young and ethnically diverse cabinet, with a ministerial team that for the first time in the country's history is equally balanced between men and women.
... As the world swings from 'financialisation' to 'artificial intelligence', asks Ajit Balakrishnan.
India's Rs 4.5-trillion fast-moving consumer goods (FMCG) sector was one of the first to bounce back from the lockdown induced blues, reporting a year-on-year (YoY) growth in the October-December quarter last year. That said, the overall consumption figures continue to remain depressed. The FMCG market, which includes daily consumables like branded atta, hand sanitizers, edible oils, shampoos, razors, and so on, recorded 7.3 per cent value growth during the period, while the smartphone market grew by 21 per cent.
Abhinav Mukund and skipper Ambati Rayudu struck half-centuries as India A gained a slight edge, reaching 342 for six against South Africa A, thereby taking a 82-run lead at stumps on the second day of the second and final unofficial 'Test'.
Middle-order batsman Omphile Ramela struck an attractive century as South Africa 'A' posted a comfortable 293 for 4 on the opening day of the first unofficial 'Test' against India 'A', in Wayanad, Kerala, on Tuesday. Riding on the left-hander's 112 off 197 balls, the Proteas dictated terms after skipper Dane Vilas chose to bat.
Mario Balotelli headed the decisive goal as Italy emerged 2-1 winners over England in another high quality World Cup match in the Amazon jungle on Saturday, to gain a key early advantage in a Group D containing three former tournament winners.
It is not clear whether the drop in offers is a fallout of demonetisation.
Compared to a 64 per cent penetration in Brazil (130 million users total) and 53 per cent in China (total 733 million users), India has barely 28 per cent penetration. Of the digital reach, almost 80 per cent are from affluent segments in urban areas. How can this change?
Twitter has blocked accounts of Punjabi rapper JazzyB, Sydney-based hip-hop artist L-Fresh the Lion and two others following demands by the Indian government.
Needing 392 runs to avoid the follow-on, after the South Africans posted a mammoth 542 in their first innings, the hosts were shot out for a meagre 204 in 66.3 overs in their first essay, conceding a huge lead of 338 runs.
FIFA faces more embarrassment after a member of its financial watchdog was arrested on suspicion of corruption and money-laundering in the Cayman Islands.
Free speech is the soul of a great university. By compromising on it, the founders have bartered away its soul, said Rajan.
Wayne Rooney and Steven Gerrard scored to send England to the World Cup finals with a 2-0 victory over Poland on Tuesday that gave them top spot in qualifying Group H on a thrilling and nervy night at Wembley.
Rising Pune Supergiant (RPS) have acquired the services of Kings XI Punjab (KXIP) pacer Shardul Thakur for the 10th edition of the Indian Premier League.
Piramal will join the JSW, Vedanta and Tata groups, which are bidding aggressively for distressed assets, especially in the infrastructure and steel sectors.
Over 600 slots at three major airports - Heathrow, Dubai and New York's JFK International - could be at stake.
Those having permanent and big tattoos on their bodies, particularly on shoulders will not be eligible for entry into the Army Recruitment rally being held at Gondia district in Maharashtra, from April 20-26.
According to Nielsen, rural growth has plunged to a low 5 per cent in the third quarter of quarter from a high 20 per cent a year ago. This has for the first time in seven years rural growth has fallen below urban levels.
The deal would be the biggest private equity transaction in India after Bain Capital paid about $1 billion to buy a 30 percent stake in business process and technology services provider Genpact.
Experts say it's not only important to get due-diligence done by an independent firm but it needs to be cross-checked, too.
HP's 60.5 per cent stake is valued at $1 billion.
To attract bidders, the government had decided to hive of around Rs 35,000 crore of the company's debt into a separate subsidiary, leaving around Rs 23,286 crore to be absorbed by the new bidder.
The Sampark Foundation boasts of a $100 million outlay funded entirely by the Nayars and represents more than half of their wealth.
Once implemented, Rishad Premji will be one of the youngest business leaders to don the role of non-executive chairman at a large cap Indian company.
Everton's French defender Sylvain Distin has signed a one-year contract extension that will keep him at GoodisonPark until the end of the 2014-15 season, the Premier League club said on Wednesday.
The Akali Dal-BJP alliance won on four seats and the AAP bagged one.
Everton ended third-tier Oldham Athletic's giantkilling FA Cup run with a 3-1 victory in their fifth round replay on Tuesday to tee up an all Premier League quarter-final against Wigan Athletic.
